Monthly Iron Ore Market Report Nov 2017

Iron ore market was supported by the high profits of downstream steel products despite that demand kept inactive as steel mills in North China were forced to restrict production due to environmental protection pressure.Asian Metal Copyright In the long run, slow demand will limit the rebound and once downstream steel mills complete restocking, it is very likely for iron ore prices to retreat again with little chance for demand to improve before March 2018.Asian Metal Copyright Supply was still abundant at ports for imported iron ore but with prices of imported iron ore rebounding in overseas market, the prices in spot market also followed upward tred, which supported prices of domestic iron ore as well.Asian Metal CopyrightIron ore market was supported by the high profits of downstream steel products despite that demand kept inactive as steel mills in North China were forced to restrict production due to environmental protection pressure.Asian Metal Copyright In the long run, slow demand will limit the rebound and once downstream steel mills complete restocking, it is very likely for iron ore prices to retreat again with little chance for demand to improve before March 2018.
.Asian Metal CopyrightIron ore market was supported by the high profits of downstream steel products despite that demand kept inactive as steel mills in North China were forced to restrict production due to environmental protection pressureAsian Metal Copyright